First Financial Northwest, Inc. (NASDAQ:FFNW) – Stock analysts at DA Davidson raised their Q1 2018 EPS estimates for shares of First Financial Northwest in a note issued to investors on Monday. DA Davidson analyst J. Rulis now expects that the bank will post earnings of $0.27 per share for the quarter, up from their previous estimate of $0.23. DA Davidson also issued estimates for First Financial Northwest’s Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.31 EPS and FY2019 earnings at $1.30 EPS.
A number of other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of First Financial Northwest from a “hold” rating to a “strong sell” rating in a research report on Monday, October 30th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $19.00 target price on shares of First Financial Northwest in a research report on Friday, December 22nd.
Hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its position in shares of First Financial Northwest by 40.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,988 shares of the bank’s stock worth $146,000 after buying an additional 2,611 shares during the period. SG Americas Securities LLC acquired a new stake in shares of First Financial Northwest during the 3rd quarter worth approximately $181,000. Alpine Woods Capital Investors LLC acquired a new stake in shares of First Financial Northwest during the 3rd quarter worth approximately $204,000. Teachers Advisors LLC grew its position in shares of First Financial Northwest by 8.9% during the 2nd quarter. Teachers Advisors LLC now owns 15,244 shares of the bank’s stock worth $246,000 after buying an additional 1,240 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of First Financial Northwest by 35.9% during the 3rd quarter. Wells Fargo & Company MN now owns 16,885 shares of the bank’s stock worth $288,000 after buying an additional 4,463 shares during the period. 42.41% of the stock is owned by institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Thursday, March 8th. First Financial Northwest’s dividend payout ratio is presently 34.57%.
About First Financial Northwest
First Financial Northwest, Inc (First Financial Northwest) is a holding company for First Financial Northwest Bank (the Bank). The Bank primarily serves the greater Puget Sound region of King and to a lesser extent, Pierce, Snohomish and Kitsap Counties, Washington through its full-service banking office located in Renton, Washington and branch office in Mill Creek, Washington.
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